US EditionFuel oil smuggling network rakes in $1 billion for Iran and its proxies, Reuters reports
- A fuel oil smuggling network generates at least $1 billion a year for Iran and its proxies in Iraq, according to five sources with knowledge of the matter told Reuters.
- Each month, 500,000 to 750,000 metric tons of heavy fuel oil is exported, primarily to Asia, as stated by two of the sources.
- The operation, which is linked to individuals under US sanctions, is on Washington's radar, meaning the situation is being closely monitored by the U.S. Government.
28 Articles
28 Articles
Fuel oil smuggling network rakes in $1bn for Iran and its proxies: sources
A sophisticated fuel oil smuggling network some experts believe generates at least $1bn (R18.1bn) a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
Fuel oil smuggling network rakes in $1 billion for Iran and its proxies
The sophisticated smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
Iraq epicentre of annual $1 bn fuel oil smuggling for heavily sanctioned Iran, proxies: Report
The extent of the fuel oil smuggling since Prime Minister Sudani came to power and the involvement of multiple entities within Iraq in the illicit trade have not previously been reported
Fuel Oil Smuggling Network Rakes in $1 Billion for Iran and Its Proxies
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